Lemminkäinen - Tender offer

Competition authority approves Lemminkäinen's acquisition of Mesta Industri in Norway

LEMMINKÄINEN CORPORATION STOCK EXCHANGE RELEASE      16 May 2011 at 20:00

Competition authority approves Lemminkäinen's acquisition of Mesta Industri in
Norway 

Today, the Norwegian competition authority has approved Lemminkäinen's
acquisition of 100% of the shares of Mesta Industri AS, a Norwegian
infrastructure construction company, from Mesta Group, a Norwegian state owned
company. The agreement was signed on 17 December 2010. This corporate
acquisition has been approved on the condition that Lemminkäinen divest its
fixed asphalt mixing plant in Harstad, in the north of Norway. Lemminkäinen
accepts this condition. 

The 2010 net sales of Mesta Industri were approximately EUR 50 million and the
business has some 170 employees on average. 

The preliminary purchase price is approximately EUR 14.8 million and it will be
paid in cash. The final purchase price will be determined on the basis of the
Mesta Industri's equity effective on the day of closing. The acquisition is
likely to be closed by the end of May. 

Nordic infrastructure construction is one of Lemminkäinen's strategic growth
areas. Lemminkäinen has been in the infra business in Norway since 2001. After
the acquisition, Lemminkäinen will be the country's third-largest paving
contractor. 

Lemminkäinen announced the acquisition on 17 December 2010. On 31 March 2011,
it confirmed that the matter was being considered further by the authorities. 

LEMMINKÄINEN CORPORATION
Corporate Communications



MORE INFORMATION:

President and CEO Timo Kohtamäki
Lemminkäinen Corporation
Tel. +358 2071 53263

CFO Robert Öhman
Lemminkäinen Corporation
Tel. +358 2071 53515

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NASDAQ OMX Helsinki Ltd
Key media
www.lemminkainen.fi



Lemminkäinen Group operates in all areas of the construction sector. The
Group's business sectors are Building Construction, Infrastructure Construction
and Technical Building Services. Net sales in 2010 were around EUR 2.0 billion,
of which international operations accounted for roughly a quarter. The Group
employs about 8,300 people. Lemminkäinen Corporation's share is quoted on
NASDAQ OMX Helsinki Ltd. www.lemminkainen.fi